Petrobras to anticipate exploration of discovery in Sergipe

July 5, 2019

Petrobras will anticipate the declaration of commerciality of Moita Bonita, in deep waters of Sergipe, where it made giant discoveries of natural gas. The ANP board approved the inclusion of a new well in Moita Bonita’s discovery assessment plan (PAD) and the change of deadline for December 1 of this year.

The project is for sale by Petrobras, which launched the project divestment prospectus in May last year. Declarations of commerciality were expected to begin in the second half of 2020. In addition to Moita Bonita, Petrobras made the discoveries of Barra, Farfan, Cumbe, Muriú and Poço Verde.

The idea of ​​the company is to maintain the operation, but to attract a partner to develop the project. It is planned to install two FPSOs in the region, the first in 2023, with 8.5 million m³ / day of natural gas compression capacity and processing of 180 thousand barrels / day. It is a project of size equivalent to the large FPSOs of the Santos pre-salt, in a state that produces less than 1.8 million m³ / day.

In all contracts, Petrobras is offering 20% ​​to 50% interest, 35% of BM-SEAL-4 (PBR share is 75%), 50% of BM-SEAL-4A (PBR 100%), 30% of BM-SEAL-10 (PBR 100%) and 20% BM-SEAL-11 (PBR 60%). Indian companies ONGC and IBV are partners in part of the projects.

After a hiatus of more than three years, Petrobras has drilled again in Sergipe this year. It is operating with the Petrobras 10,000 drillship from Transocean.

Source: epbr

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